1) Supreme Facility Management IPO size
The IPO is entirely a fresh equity sale of 65.79 lakh shares and through the issue, the company plans to raise Rs 50 crore.
2) Supreme Facility Management IPO size IPO price band
The company is offering its shares at Rs 72-76 apiece, and investors can bid for 1600 shares in 1 lot.
3) Supreme Facility Management GMP
In the unlisted market, the company’s shares had no GMP ahead of issue opening.
4) About Supreme Facility Management
The company is an integrated business services provider focused in offering integrated facility management (IFM) services and other support services (Support Services) to industries across multiple sectors.
5) Industry Overview
IFM market in India has been growing steadily over the last decade and is set to witness significant growth momentum over the next 5 years. According to industry reports, the market was valued at around Rs 90 thousand crores in 2023 and is expected to reach 190 thousand crores by 2029, growing at a compound annual growth rate (CAGR) of approximately 14%.
6) Supreme Facility Management financial performance
For the period ended June 2024, the company clocked total revenues of Rs 99.32 crore and net profit of Rs 2.4 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for working capital requirements, expenditure for opening new stores and general corporate purposes.
8) Lead managers and Registrar
Khandwala Securities is acting as the lead manager to the issue and Kfin Technologies is the registrar.
9) Issue structure
About 10% of the offer is reserved for QIB investors, 45% for retail investors and the other 45% for non-institutional investors.
10) Important dates
The IPO opened on December 11 and will close on December 13. The final allotment will likely be made on December 16. The company’s shares will likely get listed on December 18.
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